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9831 Buckhorn Drive Frisco, TX 75033

4 Beds 4 Baths 3,707 sqft Built 2004

$549,900

List Price

$2,930

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $148.34
  • 3 Days on Market
  • MLS # : 14534701
  • Updated Date : 03/18/2021 at 23:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,707 sqft
  • Baths : 3 full , 1 half
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Well maintained & Move in Ready! Gorgeous Avery Edwards Home is Popular Heather Ridge Estates Split formals; formal living is perfect for a study. Wood flooring. Sweeing staircase. Family room boasts lots of natural light, soaring ceilings & Dbl stacked fireplace. Open island kitchen w granite ctops, dble ovens, gas cktp & large eat in breakfast area. Spacious master. Dual staircases. Large gameroom, separte media room plus 3 bdrms upstairs. Radiant Barrier. Backyard Oasis offers a sparkling chlorine pool&spa plus lush landscaping & drip irrigation (front,side and back plants). Pool htr replaced 2020, hot water heaters 2020, hvac 2020. 3-car side by sid garage, Floored attic and so much more!

SEE MORE

MARKET HIGHLIGHTS

  • Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
  • Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
  • Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)

PRICE & RENT TRENDS

Neighborhood: Heather Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $123k540k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Heather Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600280030003200Rent in $11263337

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Reba Cobb Carroll Elementary School Primary Regular 508 34 9
Robert Cobb Middle School Middle Regular 909 63 NA
Justin Wakeland High School High Regular 2,220 140 9

Reba Cobb Carroll Elementary School

  • Education Level: Primary
  • # of students: 508
  • # of teachers: 34
9
GreatSchools Rating

Robert Cobb Middle School

  • Education Level: Middle
  • # of students: 909
  • # of teachers: 63
NA
GreatSchools Rating

Justin Wakeland High School

  • Education Level: High
  • # of students: 2,220
  • # of teachers: 140
9
GreatSchools Rating
 

$494,910$604,890$549,900

PURCHASE PRICE

$2,637$3,223$2,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,930
EXPENSES Loan Payment -$1,910
Property Tax -$968
Property Insurance -$241
HOA -$44
Property Management Fees -$99
CASH FLOW
-$332

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$549,900

PROJECTED PRICE

$2,930

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 5.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,474

INVESTMENT

$151,474

Down Payment
$137,475
Rehab Estimate
$5,750
Closing Costs
$8,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,475
Loan Amount $412,425
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$5,590

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,930

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $3,234

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,800
1$2,8002$2,9303$3,2004$3,4955$3,700
$3,700
RENT COMPS ANALYSIS
  • 9831 Buckhorn Drive Frisco, TX 2
    • 4 beds 4 baths ∙ 3,707 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,707 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,930
    • $0.79
    •  
  • 9768 Hawks Landing Drive Frisco, TX 1
    • 5 beds 4 baths ∙ 3,642 Sqft ∙ Built 1999 5 beds 4 baths ∙ 3,642 Sqft ∙ Built 1999
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.77
    •  
  • 2079 Spindletop Trail Frisco, TX 3
    • 5 beds 4 baths ∙ 3,664 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,664 Sqft ∙ Built 2000
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.87
    •  
  • 3976 Chevy Chase Lane Frisco, TX 4
    • 4 beds 4 baths ∙ 3,980 Sqft ∙ Built 2011 4 beds 4 baths ∙ 3,980 Sqft ∙ Built 2011
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,495
    • $0.88
    •  
  • 2629 April Sound Drive Frisco, TX 5
    • 4 beds 5 baths ∙ 3,805 Sqft ∙ Built 2001 4 beds 5 baths ∙ 3,805 Sqft ∙ Built 2001
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,700
    • $0.97
    •  
PROPERTY LISTING DETAILS
Pamela Boronski
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14534701
Last Updated: 03/18/2021
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